fxforum.live is a CFD broker with a domain officially registered on August 15, 2023. This broker primarily offers investment services in trading markets such as forex, cryptocurrencies, indices, stocks, energy, and commodities. They do not provide services in countries or regions where doing so might violate local laws or regulations.
Company Registration Information and Regulatory Status
According to publicly available information on the fxforum.live website, the broker was established in 2016, operating under the trading name FX Forum, with the company entity named ASN, and claims to be regulated by the Australian Securities and Investments Commission (ASIC). Beyond this, the broker has not disclosed company entity registration information or detailed regulatory information.
Upon verification, the Australian Securities and Investments Commission (ASIC) does not have a regulated company by the name "ASN."
Therefore, fxforum.live is actually an unregulated scam broker website.
Account Opening Process
The account opening process for fxforum.live trading accounts is as follows: Open the broker's website, click "Open Account" on the homepage or "SIGN UP" at the top right corner to enter the account registration page. Fill in the required personal information such as name and email address, set a login password, and submit. After submission, verify the account to successfully register.
Trading Instruments
fxforum.live offers clients a variety of trading products, including forex, indices, commodities, stocks, and cryptocurrencies.
- Forex: Forex trading involves the exchange of different currencies, known for its high liquidity, allowing traders to profit from currency fluctuations.
- Indices: Index trading allows speculation on the performance of entire markets or specific sectors without trading individual stocks. By exploring popular indices, one can discover diversified trading opportunities and leverage to enhance potential returns.
- Commodities: Commodity trading covers key global market resources, enabling traders to buy and sell various raw materials, including metals, energy, and agricultural products.
- Stocks: Stock trading lets investors participate in the price fluctuations of public companies, earning profits based on price changes and dividends without actually holding the stocks.
- Cryptocurrencies: Cryptocurrency trading offers opportunities for digital currency enthusiasts to profit from high-volatility assets.
Trading Accounts
The fxforum.live website does not disclose information about account types, spreads, trading leverage, margin call/stop-out levels, trading commissions, minimum/maximum trade sizes, maximum position/order sizes, or minimum price increments.
Trading Platform
fxforum.live provides a proprietary trading platform, claiming an average order execution speed of less than 7.12 milliseconds, with over a dozen liquidity providers and more than 12,000 orders executed per second.
Deposits and Withdrawals
fxforum.live supports deposits and withdrawals via litecoin, Perfect Money, ethereum, TRC-20, DOGECOIN, bitcoin, ERC-20, and TRON.
Conclusion
Traderknows reminds investors that fxforum.live is a scam broker that lures investors with promises of high returns. This site lacks both a company entity and any regulation. It is recommended that investors choose brokers with transparent information, strong regulation, and a good reputation to avoid unnecessary financial losses.
Currently, this broker is marked as a "Scam" on Traderknows.
